Overall, your view appears to be bearish. If you can sustain the loss, close the short positon. Don't fight the big trend, particularly don't fight the computer traders!No...today I only sold. Went long CVOL yesterday but only about 1/2 position ...
Today I sold 4 out of 6 longs. Most were sold this morning...
SOXL UP $1.50 from where I sold it
SPXL UP $3.00 from where I sold it
XIV flat from where I sold it
TNA UP about .50 from where I sold it...
So I left some money on the table. With 3x and 2x etfs you just never know.....
SPXL is $10 higher from its low just a few days ago TNA same thing SOXL same thing...
Its funny when you see people jumping into the market after a 700+ point rally in 2 days and just 3-4 days ago they wanted nothing to do with the market....stocks are already up 5-20% in only 2 days....holding TQQQ and ERX. These markets are not buy and hold. If oil drops below $50 this market is going to fall apart. This whole rally is nothing but fed manipulation by them saying we haven't a clue when were going raise rates....the answer is plain and simple ..they give the markets what they want. They aren't going to raise rates in 2015. That's all talk. That's all it is. With a $4,000,000,000,000 balance sheet where are they going....no where. They have no exit plan...QE 4 before rates go to 1% that's my prediction ....
As for shorts im holding off I think...I would be truly baffled to see another 200-300 point gain tomorrow but with this market you never know. Might wait until the Dow reaches 18k + to add shorts....but also might take a little bite and add a short or two tomorrow ...I predicted a 3% rally last week after fed meeting and it happened..
Buys for me are SRTY under $30
JDST UNDER $15
CVOL HOLD A POSITION buying more under $1
TVIX hold a position will buy at $2 or when vix gets down to 12
Will let go of TQQQ above $100+ tomorrow
ERX HOLDING
Again oil dropping under $50 will set up for heavy selling. This rally is nothing but fed talk. Sell rallies.....you will be able to buy October lows again...once this fed bubble unwinds you will be able to buy everything a lot lower than October lows...
No...today I only sold. Went long CVOL yesterday but only about 1/2 position ...
Today I sold 4 out of 6 longs. Most were sold this morning...
SOXL UP $1.50 from where I sold it
SPXL UP $3.00 from where I sold it
XIV flat from where I sold it
TNA UP about .50 from where I sold it...
So I left some money on the table. With 3x and 2x etfs you just never know.....
SPXL is $10 higher from its low just a few days ago TNA same thing SOXL same thing...
Its funny when you see people jumping into the market after a 700+ point rally in 2 days and just 3-4 days ago they wanted nothing to do with the market....stocks are already up 5-20% in only 2 days....holding TQQQ and ERX. These markets are not buy and hold. If oil drops below $50 this market is going to fall apart. This whole rally is nothing but fed manipulation by them saying we haven't a clue when were going raise rates....the answer is plain and simple ..they give the markets what they want. They aren't going to raise rates in 2015. That's all talk. That's all it is. With a $4,000,000,000,000 balance sheet where are they going....no where. They have no exit plan...QE 4 before rates go to 1% that's my prediction ....
As for shorts im holding off I think...I would be truly baffled to see another 200-300 point gain tomorrow but with this market you never know. Might wait until the Dow reaches 18k + to add shorts....but also might take a little bite and add a short or two tomorrow ...I predicted a 3% rally last week after fed meeting and it happened..
Buys for me are SRTY under $30
JDST UNDER $15
CVOL HOLD A POSITION buying more under $1
TVIX hold a position will buy at $2 or when vix gets down to 12
Will let go of TQQQ above $100+ tomorrow
ERX HOLDING
Again oil dropping under $50 will set up for heavy selling. This rally is nothing but fed talk. Sell rallies.....you will be able to buy October lows again...once this fed bubble unwinds you will be able to buy everything a lot lower than October lows...
That's why this market is the gift that keeps on giving. You can risk $10 to make $2 and still make out like a bandit. The smart way to trade this is use no stops, average into losers, sell when in profit. Rinse and repeat. There's just no downside risk.I bought last week it dropped $10 had no stop in place but held it out and sold $2 higher
That's why this market is the gift that keeps on giving. You can risk $10 to make $2 and still make out like a bandit. The smart way to trade this is use no stops, average into losers, sell when in profit. Rinse and repeat. There's just no downside risk.
That's why this market is the gift that keeps on giving. You can risk $10 to make $2 and still make out like a bandit. The smart way to trade this is use no stops, average into losers, sell when in profit. Rinse and repeat. There's just no downside risk.